Kiribati

Inflation

-1.8
percent change in the consumer price index
Dec 07Dec 08Dec 09Dec 10Dec 11Dec 12Dec 13Dec 14Dec 15Dec 16Dec 17Dec 18Dec 19-5.0000.0005.00010.0015.00
  • Kiribati
  • Global Median
Source: IMF

Definition of Inflation

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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